UD02.L vs. PRIE.L

Last updated Jun 5, 2026

UD02.L (UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis) and PRIE.L (Amundi Prime Europe UCITS ETF DR (D)) are both Europe Equities funds - UD02.L tracks the MSCI EMU NR EUR while PRIE.L tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 3 years, UD02.L returned 10.08%/yr vs 10.92%/yr for PRIE.L. At a 0.29 correlation, their price movements are largely independent. UD02.L charges 0.28%/yr vs 0.05%/yr for PRIE.L.

Performance

UD02.L vs. PRIE.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (UD02.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UD02.L achieves a 4.77% return, which is significantly lower than PRIE.L's 6.91% return.

UD02.L

• 1D: 0.06%
• 1M: -1.90%
• YTD: 4.77%
• 6M: 6.38%
• 1Y: 8.84%
• 3Y*: 10.08%
• 5Y*: —
• 10Y*: —

PRIE.L

• 1D: 0.53%
• 1M: 0.96%
• YTD: 6.91%
• 6M: 6.34%
• 1Y: 16.78%
• 3Y*: 10.92%
• 5Y*: 7.25%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UD02.L vs. PRIE.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
UD02.L UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis	4.77%	23.66%	0.46%	5.59%
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	6.91%	22.93%	1.02%	5.88%

Correlation

The correlation between UD02.L and PRIE.L is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jan 20, 2023	0.29

Over the past year, UD02.L and PRIE.L have become more correlated (0.63) than their long-term average of 0.29, meaning their price movements have been converging.

UD02.L vs. PRIE.L - Sectors Allocation Comparison

Sectors	UD02.L	PRIE.L
Financial Services	21.4%	24.2%
Utilities	19.2%	4.6%
Industrials	19.0%	19.2%
Consumer Defensive	16.2%	8.4%
Communication Services	10.8%	3.3%
Healthcare	3.6%	13.4%
Energy	3.3%	5.2%
Basic Materials	2.7%	5.2%
Real Estate	2.6%	0.6%
Consumer Cyclical	1.2%	6.5%
Technology	-	9.4%

Return for Risk

UD02.L vs. PRIE.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UD02.L

UD02.L Risk / Return Rank: 26
UD02.L Sharpe Ratio Rank: 29
UD02.L Sortino Ratio Rank: 26
UD02.L Omega Ratio Rank: 29
UD02.L Calmar Ratio Rank: 24
UD02.L Martin Ratio Rank: 25

PRIE.L

PRIE.L Risk / Return Rank: 37
PRIE.L Sharpe Ratio Rank: 39
PRIE.L Sortino Ratio Rank: 37
PRIE.L Omega Ratio Rank: 41
PRIE.L Calmar Ratio Rank: 33
PRIE.L Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UD02.L vs. PRIE.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (UD02.L) and Amundi Prime Europe UCITS ETF DR (D) (PRIE.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	UD02.L	PRIE.L	Difference
Sharpe ratio: Return per unit of total volatility	1.01	1.36	-0.35
Sortino ratio: Return per unit of downside risk	1.36	1.90	-0.54
Omega ratio: Gain probability vs. loss probability	1.19	1.26	-0.07
Calmar ratio: Return relative to maximum drawdown	1.10	1.60	-0.50
Martin ratio: Return relative to average drawdown	3.13	5.58	-2.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UD02.L vs. PRIE.L - Sharpe Ratio Comparison

The current UD02.L Sharpe Ratio is 1.01, which is comparable to the PRIE.L Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of UD02.L and PRIE.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UD02.L	PRIE.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	1.36	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.51	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	0.49	+1.25

Drawdowns

UD02.L vs. PRIE.L - Drawdown Comparison

The maximum UD02.L drawdown since its inception was -9.54%, smaller than the maximum PRIE.L drawdown of -28.92%. Use the drawdown chart below to compare losses from any high point for UD02.L and PRIE.L.

Drawdown Indicators

	UD02.L	PRIE.L	Difference
Max Drawdown Largest peak-to-trough decline	-9.54%	-28.92%	+19.38%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	-10.55%	+1.01%
Max Drawdown (3Y) Largest decline over 3 years	-9.54%	-13.25%	+3.71%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.75%	—
Current Drawdown Current decline from peak	-5.84%	-1.14%	-4.70%
Average Drawdown Average peak-to-trough decline	-2.33%	-4.71%	+2.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.22%	3.04%	+0.18%

Volatility

UD02.L vs. PRIE.L - Volatility Comparison

The current volatility for UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis (UD02.L) is 2.92%, while Amundi Prime Europe UCITS ETF DR (D) (PRIE.L) has a volatility of 4.12%. This indicates that UD02.L experiences smaller price fluctuations and is considered to be less risky than PRIE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UD02.L	PRIE.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	4.12%	-1.20%
Volatility (6M) Calculated over the trailing 6-month period	8.34%	10.54%	-2.20%
Volatility (1Y) Calculated over the trailing 1-year period	10.42%	12.44%	-2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	14.21%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.10%	15.99%	+1.11%

UD02.L vs. PRIE.L - Expense Ratio Comparison

UD02.L has a 0.28% expense ratio, which is higher than PRIE.L's 0.05% expense ratio.

Dividends

UD02.L vs. PRIE.L - Dividend Comparison

UD02.L's dividend yield for the trailing twelve months is around 2.35%, more than PRIE.L's 0.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PRIE.L Amundi Prime Europe UCITS ETF DR (D)	0.02%	0.03%	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%
UD02.L UBS ETF (LU) Factor MSCI EMU Low Volatility UCITS ETF (EUR) A-dis	2.35%	3.03%	4.80%	2.58%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UD02.L and PRIE.L in my portfolio?

UD02.L and PRIE.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UD02.L or PRIE.L?

On fees, PRIE.L is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UD02.L or PRIE.L?

PRIE.L is cheaper with a 0.05% expense ratio, compared with 0.28% for UD02.L.

What is the main difference between UD02.L and PRIE.L?

UD02.L tracks MSCI EMU NR EUR, while PRIE.L tracks MSCI Europe NR EUR. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.28% for UD02.L and 0.05% for PRIE.L.